{"id":611213,"date":"2024-06-03T21:00:33","date_gmt":"2024-06-03T21:00:33","guid":{"rendered":"https:\/\/ktsl888.com\/?p=611213"},"modified":"2024-06-11T06:45:45","modified_gmt":"2024-06-11T06:45:45","slug":"bitcoin-rise-150-from-here","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/bitcoin-rise-150-from-here\/","title":{"rendered":"Can Bitcoin Rise 150% From Here? Crypto Expert Peter Brandt Predicts The Top"},"content":{"rendered":"

Despite the <\/span>Bitcoin decline<\/span><\/a> below the $70,000 price mark, a crypto analyst still maintains an optimistic outlook for the pioneer cryptocurrency, predicting that the price of <\/span>Bitcoin could reach its top soon<\/span><\/a>.\u00a0<\/span><\/p>\n

Analyst Says Bitcoin\u2019s Top Is $150,000<\/h2>\n

On June 2, crypto analyst, Peter Brandt released a <\/span>blog post<\/span><\/a> predicting <\/span>Bitcoin\u2019s top<\/span><\/a> in the current bull cycle. According to Brandt, the price of Bitcoin is expected to witness an exponential surge between the range of $130,000 to $150,000.<\/span><\/p>\n

Related Reading: Solana-Based Dogwifhat Reaches Critical Level That Could Lead To Catastrophic Crash<\/a><\/div>\n

Brandt foresees Bitcoin\u2019s peak to occur in 2025 between late August and early September. The analyst has based his predictions on the cryptocurrency\u2019s<\/span> previous halving dates<\/span><\/a>, highlighting that this cyclical event tends to continually present an \u201calmost perfect symmetry within past bull market cycles.\u201d<\/span><\/p>\n

The Bitcoin halving is a four-year cycle event which cuts mining rewards by half, thereby reducing supply and <\/span>potentially driving up the price <\/span><\/a>due to increased scarcity and heightened demand for the cryptocurrency.\u00a0<\/span><\/p>\n

Brandt has suggested a possible correlation\u00a0<\/span><\/h2>\n

between Bitcoin\u2019s bull runs in the past with the onset of its <\/span>halving cycle<\/span><\/a>, emphasizing that following each halving year, Bitcoin has witnessed a surge to new all-time highs. More specifically, he pointed out that the number of weeks from <\/span>Bitcoin\u2019s market bottom<\/span><\/a> to the halving dates was nearly the same duration as the halving dates to the next bull market peak.\u00a0<\/span><\/p>\n

In his blog post, Brandt shared a price chart depicting Bitcoin\u2019s price movements from 2010 to 2025, highlighting the cryptocurrency\u2019s <\/span>past performances after the halving events<\/span><\/a>. The crypto analyst emphasized that after the halving event in 2012, and 2016, Bitcoin witnessed a significant bull run which pushed its price to new all-time highs.<\/span><\/p>\n

\"Bitcoin
Source: X<\/figcaption><\/figure>\n

 <\/p>\n

The most notable <\/span>bull cycle<\/span><\/a> was seen in 2021 which came after the May 2020 halving event, with Bitcoin\u2019s price surging to a previous all-time high of around $69,044. Based on this recurring pattern, Brandt\u2019s optimistic prediction sees Bitcoin potentially reaching as high as $150,000 in the <\/span>next bull market<\/span><\/a>.\u00a0<\/span><\/p>\n

25% Probability That Bitcoin Has Topped For This Cycle<\/h2>\n

While expressing his bullish outlook for Bitcoin, Brandt also disclosed a more pessimistic assessment of <\/span>the cryptocurrency\u2019s future price<\/span><\/a>.\u00a0<\/span>The analyst has placed a 25% probability that <\/span>Bitcoin has topped this bull market cycle.\u00a0<\/span><\/p>\n

Related Reading: Expert Charts 1,400% Course To $7.5 For XRP Price As RSI Falls To All-Time Low<\/a><\/div>\n

This assessment is based on Bitcoin\u2019s massive rally earlier this year, spurred on by the approval and launch of <\/span>Spot Bitcoin ETFs<\/span><\/a>. In March 2024, the price of Bitcoin surpassed its previous 2021 high, exceeding $73,000 and officially marking a <\/span>new all-time high<\/span><\/a>.\u00a0\u00a0<\/span><\/p>\n

Following <\/span>historical trends<\/span><\/a>, Bitcoin typically witnesses a bull rally to new all-time highs after its halving event. However, against the norms, the cryptocurrency experienced a peak above $73,000 before its <\/span>halving event on April 20<\/span><\/a>.\u00a0<\/span><\/p>\n

\"Bitcoin
Source: X<\/figcaption><\/figure>\n

Brandt has disclosed that if Bitcoin fails to reach a new all-time high after its halving event, he expects a <\/span>price decline<\/span><\/a> towards $55,000. The analyst predicts that a drop below $55,000 will raise the probability of \u201cExponential Decay,\u201d implying a long-term downward trend for the cryptocurrency.\u00a0<\/span><\/p>\n

\"Bitcoin
BTC price moves above $69,000 | Source: BTCUSD on Tradingview.com<\/a><\/figcaption><\/figure>\n

 <\/p>\n","protected":false},"excerpt":{"rendered":"

Despite the Bitcoin decline below the $70,000 price mark, a crypto analyst still maintains an optimistic outlook for the pioneer cryptocurrency, predicting that the price of Bitcoin could reach its top soon.\u00a0 Analyst Says Bitcoin\u2019s Top Is $150,000 On June 2, crypto analyst, Peter Brandt released a blog post predicting Bitcoin\u2019s top in the current bull cycle. According to Brandt, the price of Bitcoin is expected to witness an exponential surge between the range of $130,000 to $150,000. Related Reading: Solana-Based Dogwifhat Reaches Critical Level That Could Lead To Catastrophic Crash Brandt foresees Bitcoin\u2019s peak to occur in 2025 between late August and early September. The analyst has based his predictions on the cryptocurrency\u2019s previous halving dates, highlighting that this cyclical event tends to continually present an \u201calmost perfect symmetry within past bull market cycles.\u201d The Bitcoin halving is a four-year cycle event which cuts mining rewards by half, thereby reducing supply and potentially driving up the price due to increased scarcity and heightened demand for the cryptocurrency.\u00a0 Brandt has suggested a possible correlation\u00a0 between Bitcoin\u2019s bull runs in the past with the onset of its halving cycle, emphasizing that following each halving year, Bitcoin has witnessed a surge to new all-time highs. More specifically, he pointed out that the number of weeks from Bitcoin\u2019s market bottom to the halving dates was nearly the same duration as the halving dates to the next bull market peak.\u00a0 In his blog post, Brandt shared a price chart depicting Bitcoin\u2019s price movements from 2010 to 2025, highlighting the cryptocurrency\u2019s past performances after the halving events. The crypto analyst emphasized that after the halving event in 2012, and 2016, Bitcoin witnessed a significant bull run which pushed its price to new all-time highs.   The most notable bull cycle was seen in 2021 which came after the May 2020 halving event, with Bitcoin\u2019s price surging to a previous all-time high of around $69,044. Based on this recurring pattern, Brandt\u2019s optimistic prediction sees Bitcoin potentially reaching as high as $150,000 in the next bull market.\u00a0 25% Probability That Bitcoin Has Topped For This Cycle While expressing his bullish outlook for Bitcoin, Brandt also disclosed a more pessimistic assessment of the cryptocurrency\u2019s future price.\u00a0The analyst has placed a 25% probability that Bitcoin has topped this bull market cycle.\u00a0 Related Reading: Expert Charts 1,400% Course To $7.5 For XRP Price As RSI Falls To All-Time Low This assessment is based on Bitcoin\u2019s massive rally earlier this year, spurred on by the approval and launch of Spot Bitcoin ETFs. In March 2024, the price of Bitcoin surpassed its previous 2021 high, exceeding $73,000 and officially marking a new all-time high.\u00a0\u00a0 Following historical trends, Bitcoin typically witnesses a bull rally to new all-time highs after its halving event. However, against the norms, the cryptocurrency experienced a peak above $73,000 before its halving event on April 20.\u00a0 Brandt has disclosed that if Bitcoin fails to reach a new all-time high after its halving event, he expects a price decline towards $55,000. The analyst predicts that a drop below $55,000 will raise the probability of \u201cExponential Decay,\u201d implying a long-term downward trend for the cryptocurrency.\u00a0  <\/p>\n","protected":false},"author":594,"featured_media":611265,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[428,656,679,1119,89185,1122,1144,78790],"class_list":["post-611213","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-bitcoin-news","tag-bitcoin-price","tag-btc","tag-btc-news","tag-btc-price","tag-btcusd","tag-btcusdt"],"acf":[],"yoast_head":"\nCan Bitcoin Rise 150% From Here? 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Having witnessed the evolving landscape of the crypto world firsthand, Scott is able to dissect complex crypto topics and present them in an accessible and engaging manner. Scott's dedication to clarity and accuracy has made him an indispensable asset, helping to demystify the complex world of cryptocurrency for countless readers. Scott\u2019s experience spans a number of industries outside of crypto including banking and investment. He has brought his vast experience from these industries into crypto, which allows him to understand even the most complex topics and break them down in a way that is easy for readers from all works of life to understand. Scott\u2019s pieces have helped to break down cryptocurrency processes and how they work, as well as the underlying groundbreaking technology that makes them so important to everyday life. With years of experience in the crypto market, Scott began to focus on his true passion: writing. During this time, Scott has been able to author countless influential pieces that have drawn in millions of readers and have shaped public opinion across various important topics. His repertoire spans hundreds of articles on various sectors in the crypto industry, including decentralized finance (DeFi), decentralized exchanges (DEXes), Staking, Liquid Staking, emerging technologies, and non-fungible tokens (NFTs), among others. Scott\u2019s influence is not just limited to the countless discussions that his publications have sparked but also as a consultant for major projects in the space. He has consulted on issues ranging from crypto regulations to new technology deployment. Scott\u2019s expertise also spans community building and contributes to a number of causes to further the development of the crypto industry. Scott is an advocate for sustainable practices within the crypto industry and has championed discussions around green blockchain solutions. His ability to keep in line with market trends has made his work a favorite among crypto investors. In his personal life, Scott is an avid traveler and his exposure to the world and various way of life has helped him to understand how important technologies like the blockchain and cryptocurrencies are. This has been key in his understanding of its global impact, as well as his ability to connect socio-economic developments to technological trends around the globe like no one else. Scott is known for his work in community education to help people understand crypto technology and how its existence impacts their lives. He is a well-respected figure in his community, known for his work in helping to enlighten and inspire the next generation as they channel their energies into pressing issues. His work is a testament to his dedication and commitment to education and innovation, as well as the promotion of ethical practices in the rapidly developing world of cryptocurrencies. Scott stands steady in the frontlines of the crypto revolution and is committed to helping to shape a future that promotes the development of technology in an ethical manner that translates to the benefit of all in the society.","sameAs":["https:\/\/x.com\/https:\/\/twitter.com\/MathersonScott"],"url":"https:\/\/ktsl888.com\/author\/mathersonscott1\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Can Bitcoin Rise 150% From Here? Crypto Expert Peter Brandt Predicts The Top","url":"http:\/\/ktsl888.com\/news\/bitcoin-rise-150-from-here\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/ktsl888.com\/news\/bitcoin-rise-150-from-here\/"},"thumbnailUrl":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/Bitcoin-price.jpeg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/ktsl888.com\/wp-content\/uploads\/2024\/06\/Bitcoin-price.jpeg?fit=1792%2C1024"},"articleSection":"Cryptocurrency Market News","author":[{"@type":"Person","name":"Scott Matherson"}],"creator":["Scott Matherson"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/ktsl888.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["bitcoin","bitcoin news","bitcoin price","btc","btc news","btc price","btcusd","btcusdt"],"dateCreated":"2024-06-03T21:00:33Z","datePublished":"2024-06-03T21:00:33Z","dateModified":"2024-06-11T06:45:45Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Can Bitcoin Rise 150% From Here? 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